In the News

Trading Costs Continues to Plummet

Since 2003, the cost of trading stocks on retail brokerage platforms has continued to fall and reached a new low in 2017 of $7.56, according to a report from Corporate Insight. The decrease this year was driven primarily by the commission war between Charles Schwab, E*TRADE, Fidelity, TD Ameritrade and Wells Fargo Advisors—all of which responded to the fee cuts of competitors by cutting fees themselves, in a race to the bottom. The report also examines how online trading interfaces have changed, and what customers might expect in the future, such as more , and integration with other services, like Facebook Messenger.